Scottrade

www.scottrade.com
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Good intro experience to the industry

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Intern - Broker Intern in Yonkers, NY
Former Intern - Broker Intern in Yonkers, NY

I worked at Scottrade as an intern (more than a year)

Pros

Good way to understand finance concepts, especially if you plan on getting your series 7 and 63. depends of course on how well you click with the particular branch manager and employees at your particular branch but overall i enjoyed working there, the workload was managable and you didn't have to take your work home with you. Scottrade also had some nice little benefits as an intern, like the visiting supervisor from HQ would buy us lunch when he visited on occasion.

Cons

there's not much room for growth, unless you go to their HQ in st louis the only positions available in the branches are broker and branch manager. they're sort of a passive firm in that they're not aggressive with sales calls etc which some of their competitors (charles schwab, etc) do although they are starting to move towards a more sales driven environment

Advice to ManagementAdvice

become a bit more aggressive with acquiring clients

Recommends
Positive Outlook
No opinion of CEO

563 Other Employee Reviews for Scottrade (View Most Recent)

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  1.  

    Want To Live In St. Louis, MO?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Consultant
    Current Employee - Investment Consultant

    I have been working at Scottrade full-time (more than 3 years)

    Pros

    - Friendly culture
    - Predictable work hours
    - Work is fairly simple
    - Great benefits

    Cons

    Outside of relocating to St. Louis, MO, the farthest you will ever get in your career is a Senior Branch Manager.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 3 people found this helpful  

    A letdown

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Branch Stockbroker in Naples, FL
    Former Employee - Branch Stockbroker in Naples, FL

    I worked at Scottrade full-time (more than 3 years)

    Pros

    "Best company to work for" There was previous great internal communication. It's a great start for a new worker. The culture is still better than most. A day off to volunteer and Money contributed for volunteering. Their internship program was very helpful. They're trying to get more competitive, and are successfully doing so, but changing their expectations of staff along the way and not appreciating the leaps and bounds they have made.

    Cons

    Losing sight of it's small company family-style approach. They don't care about their employees the way they used to. There is very little room to move up locally, or expect to move closer to home even though there are locations around the U.S. Affected by the need to cut back intern hours or have to pay benefits. This puts their young staff in a frustrating position.

    Advice to ManagementAdvice

    Bring back some of the things that make your long-term employees so committed to the company before they all leave and you lose the loyalty that helped build the company from the ground based on amazing customer service. Provide some flexibility with hours of branch associates and tie in a way to help them reap the benefits of growing their branch based on what you grew your company on.

    Recommends
    Positive Outlook
    Approves of CEO
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